I bought American Airlines today with assumption that shorts may cover their positions over the next few days to avoid another short squeeze. It has 29% short interest reported. Now normally, I buy stocks for the long haul and don't get involved in doing short-term investments trades. This may be fun to watch if American Airline becomes another short squeeze situation.

Hey did anyone else buy American Airline yesterday? I bought at $16.56 yesterday afternoon and sold this morning at $21.00 (had limit sell order at $21.00). Now I'm back to my usual buy and hold for 5-10 years timeframe. I have never been good at short-term trading and short-term trading also takes too much of my time monitoring the markets.

Bought some more gold mining stocks today. I have been steadily increasing my holdings in gold mining stocks in the last few month as I believe that any small increase in gold prices will increase the gold mining stock prices. With gold at $1,800 an ounce and the average cost to mine an ounce of gold is around $800-$1,200, the mining companies will continue making money. Not sure what's the probability on the future gold prices, but some experts are staying that gold price could be worth 2-3 times its current value in the next 3-4 years. My guess that the gold prices in three years will be between $2,220 and 2,500 an ounce and if gold is around $2,200 an ounce then it would more likely double the value of mining stocks.

My predication is in five years that my mining stocks will be worth double on the assumption that gold prices continue to increase. That would be 20% rate of return a year not including the dividends. Most mining stocks pay a small dividend around 2% a year. I heard Warren Buffet has been buying gold mining type stocks and, no, Buffet is not a hero of mind and I don't follow any of his recommendations.

The stocks that I have in my account are: Agnico Eagle Mines Limited (AEM), AngloGold Ashanti Limited (AU), B2Gold Corp. (BTG), Barrick Gold Corporation (GOLD), Kinross Gold Corporation (KGC) and Newmont Corporation (NEM)